Audi 2011 Annual Report Download - page 221

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NOTES TO THE BALANCE SHEET
14 Intangible assets
EUR million Dec. 31, 2011 Dec. 31, 2010
Concessions, industrial property rights and similar rights and assets,
as well as licenses thereto 209 232
Goodwill 72 72
Capitalized development costs 2,249 2,051
of which products currently under development 629 836
of which products currently in use 1,620 1,215
Payments on account for intangible assets 1 1
Total 2,531 2,357
Research and development expenditure recognized as an expense
EUR million 2011 2010
Research expense and non-capitalized development costs 2,243 1,901
Impairment losses (reversals) on capitalized development costs 397 567
Total 2,641 2,469
A total of EUR 2,839 (2,531) million was spent on research and development during the 2011
fiscal year. Of this total, EUR 596 (630) million fulfilled the capitalization criteria set out in
IAS 38.
15 Property, plant and equipment
EUR million Dec. 31, 2011 Dec. 31, 2010
Land, land rights and buildings, including buildings on land owned by others 2,299 2,190
of which finance leases 19 –
Plant and machinery 1,157 1,159
Other plant and office equipment 2,114 1,958
Payments on account and assets under construction 1,146 496
Total 6,716 5,803
There is no purchase option with regard to the land and buildings leased on the basis of a financial
lease agreement. The rate of interest on which the agreement is based is 3.5 percent.
The financial lease payments due in future, together with their present values, are listed in the
following table:
EUR million 2012 2013 to 2016 from 2017 Total
Lease payments 210 12 24
Interest elements 122 5
Carrying amount/present value 1 7 10 19
Payments totaling EUR 125 (102) million for assets rented on the basis of operating lease
agreements were recognized as an expense.
16 Investment property
EUR million Dec. 31, 2011 Dec. 31, 2010
Investment property 3 5
Other investment property 5 6
Total 8 12
The carrying amounts of investment property correspond to the fair values.